MANILA, Philippines – Property and mining firm A Brown Co. Inc. has tapped the domestic debt market for the first time, raising P4 billion from its maiden fixed-rate bond issuance to fund expansion projects and refinance part of its capital structure.
In a disclosure on Friday, the company said the bonds were listed on the Philippine Dealing & Exchange Corp., after attracting strong demand from both institutional and retail investors.
READ: SEC clears A Brown’s P12-B bond program
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The offer was oversubscribed against its base size of P3 billion.FEATURED STORIES
